Lead off the season on the right foot with a discussion of the ways in which provisions of the Tax Cuts and Jobs Act are affecting foundations and their grantees. Topics on deck include the unrelated business income tax consequences of a 501(c)(3) organization's provision of parking and transportation benefits to its employees, the "siloing" requirement for unrelated business income and losses, the new tax on university endowments, and the new tax on certain employee compensation. Topics also will include a discussion of new IRS guidance on donor advised funds, and specifically what distributions from them could mean for a recipient's public charity status and how donors might be able to use them to satisfy their personal pledges.